By EcoCrops International on 29 Oct 2018 at 8:00 PM
After being slapped with a $20 Million fine for Tweeting he was going to take Tesla private without any backing you would have thought that Musk would stop firing off words on Tweeter at all hours of the day or night.
However, on Friday evening in a thread about criticism and his like ratios on the Twitter platform, the CEO of Tesla Musk claimed that his ill-fated 420 tweet in August was worth the forty million in fines that the regulators levied on him and Tesla in response.
Why? The likes.
This month a Federal Judge approved Elon Musk and Tesla’s settlement with the US Securities and Exchange Commission after it successfully argued that they had made false and misleading statements in regards to going private. In addition to paying out $40 million in fines, Elon was compelled to step down as the Tesla’s Chairman for at least three years. Tesla was also required to reign in Musk’s communications with investors.
A number of investors that were shorting Tesla’s stock price are now likely to sue Elon Musk for losses incurred due to Musk’s false and misleading statements affecting the Tesla share price. The cost of this could be considerable
.
This was mere weeks ago.
Remarkably, Musk later tweeted that he was going to sign “off Twitter for a few days,” which honestly doesn’t seem like such a bad long-term plan either. It might be an idea for Musk to stop taking drugs as well.
www.ecocropsinternational.com
After being slapped with a $20 Million fine for Tweeting he was going to take Tesla private without any backing you would have thought that Musk would stop firing off words on Tweeter at all hours of the day or night.
However, on Friday evening in a thread about criticism and his like ratios on the Twitter platform, the CEO of Tesla Musk claimed that his ill-fated 420 tweet in August was worth the forty million in fines that the regulators levied on him and Tesla in response.
Why? The likes.
This month a Federal Judge approved Elon Musk and Tesla’s settlement with the US Securities and Exchange Commission after it successfully argued that they had made false and misleading statements in regards to going private. In addition to paying out $40 million in fines, Elon was compelled to step down as the Tesla’s Chairman for at least three years. Tesla was also required to reign in Musk’s communications with investors.
A number of investors that were shorting Tesla’s stock price are now likely to sue Elon Musk for losses incurred due to Musk’s false and misleading statements affecting the Tesla share price. The cost of this could be considerable
.
This was mere weeks ago.
Remarkably, Musk later tweeted that he was going to sign “off Twitter for a few days,” which honestly doesn’t seem like such a bad long-term plan either. It might be an idea for Musk to stop taking drugs as well.
www.ecocropsinternational.com
Comments
Post a Comment